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Apptio, Inc., has acquired Targetprocess.
“COVID-19 has forced every organisation to be digital first – enterprises are moving from waterfall project to product delivery so they can deliver continuously for faster innovation. Agile represents a set of software development practices but its dynamic and continual nature leads to complex challenges in understanding value, optimising and planning resources, and measuring financials,” said Scott Chancellor, Chief Product and Technology Officer at Apptio. “As a result of the large-scale shift to remote working in the past year, it is more important than ever to solve these challenges in order to enable distributed teams to work together as efficiently as possible in pursuit of business objectives. Through this acquisition, Apptio will help our customers accelerate their Agile transformation through effective portfolio management and financial governance.”
“Many enterprises have already adopted some form of Agile in their development organization, but for it to be truly effective, IT needs to nurture more trust and understanding of Agile with Finance and the business,” said Christopher Ruch, CEO of Agile Rising. “Apptio and Targetprocess are perfectly positioned to deliver the visibility, engagement and predictability that technology and business leaders need for Agile to scale effectively and improve productivity, development cycle times, and value delivery. Having two of our existing partners come together to provide a complete solution that supports both TBM and Scaled Agile Framework (SAFe) creates a powerful combination that will make a significant impact as organizations continue to evolve their Agile practices to optimize the full value stream and align with a new digital age.”
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